Issue - meetings

Cabinet received a report from the Executive Director, Resources.

The purpose of the report was to seek approval to enter into a memorandum of understanding (MoU) regarding a strategic partnership arrangement (SPA) between Peterborough City Council and AVIC International Corporation (UK) Limited (AVIC).

Councillor Elsey introduced the report and highlighted the main issues contained within. The Council’s Executive Director Resources added further points of clarification around the issue, advising of the benefits that the partnership would bring and further advising that each project coming forward would be subject to individual scrutiny.

Cabinet considered the report and RESOLVED:

To approve Council entering into a memorandum of understanding regarding a strategic partnership arrangement with AVIC International Corporation (UK) Limited.

REASONS FOR THE DECISION

To enable a memorandum of understanding regarding a strategic partnership arrangement to be entered into.

ALTERNATIVE OPTIONS CONSIDERED

To continue pursuing existing priorities without having an international partner in place. This would mean that the Council would not benefit from the expertise, experience and supply chain benefits of an international partner.

To pursue the additional projects anticipated by the strategic partnership separately. The Council would then incur additional expense in treating each project individually and in procuring individual solutions.